Tag Hedge Fund

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Private Equity and Hedge Funds

Accredited Investors vs. Qualified Clients vs. Qualified Purchasers: Understanding Investor Qualifications

Accredited investors, qualified clients, and qualified purchasers are three categories of investor qualification that are important to private fund managers. This post provides an explanation of the differences between them.

Alexander J. Davie
August 17, 2017

Private Equity and Hedge Funds

Guide to Starting a Hedge Fund

Launching a hedge fund can be a significant undertaking. By planning ahead, you’ll reduce the risk of potential noncompliance down the road. We'll explain some practical tips that will be helpful as you begin this process.

Alexander J. Davie
March 28, 2017

Private Equity and Hedge Funds

SEC Enforcement Division’s Asset Management Unit Chief Reveals New Priorities in Regulation of Private Funds

Bruce Karpati, Chief of the SEC Enforcement Division’s Asset Management Unit, gave a speech entitled “Enforcement Priorities in the Alternative Space” on December 18, 2012. The recently established 75-member Asset Management Unit (AMU) is dedicated to investigating investment advisers, investment…

Alexander J. Davie
January 9, 2013

Private Equity and Hedge Funds

Maryland Securities Commissioner Issues New Order Adopting a Private Fund Exemption Based on Model NASAA Rule

On June 15, 2012, the Maryland Securities Commissioner issued an order adopting the NASAA model rule exemption for investment advisers to private funds. Like the model rule, the new order issued by the Maryland Securities Commissioner, provides for an exemption…

Alexander J. Davie
June 22, 2012

Private Equity and Hedge Funds

Missouri Commissioner of Securities Proposes New Private Fund Exemption Based on Model NASAA Rule

On April 26, 2012, the Missouri Commissioner of Securities proposed revised regulations exempting certain private fund managers from investment adviser registration with the State of Missouri. Background Prior to the repeal of the federal 15-client exemption, Missouri had an exemption for…

Alexander J. Davie
May 9, 2012